Amerant Bancorp (AMTB) Scheduled to Post Earnings on Wednesday

Amerant Bancorp (NASDAQ:AMTB) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Amerant Bancorp (NASDAQ:AMTB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $101.29 million for the quarter, compared to analyst estimates of $91.52 million. Amerant Bancorp had a net margin of 5.11% and a return on equity of 8.88%. On average, analysts expect Amerant Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amerant Bancorp Trading Up 0.1 %

Shares of AMTB stock opened at $21.02 on Wednesday. Amerant Bancorp has a 1-year low of $15.79 and a 1-year high of $26.13. The firm has a market cap of $706.27 million, a PE ratio of 21.67 and a beta of 0.99. The company has a 50-day moving average of $22.02 and a two-hundred day moving average of $21.70. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.96 and a quick ratio of 0.91.

Institutional Investors Weigh In On Amerant Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in shares of Amerant Bancorp in the first quarter worth $26,000. Tower Research Capital LLC TRC grew its position in shares of Amerant Bancorp by 864.0% during the first quarter. Tower Research Capital LLC TRC now owns 2,439 shares of the company’s stock worth $53,000 after buying an additional 2,186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amerant Bancorp by 146.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,469 shares of the company’s stock worth $98,000 after buying an additional 2,062 shares during the period. Citigroup Inc. raised its holdings in Amerant Bancorp by 420.3% in the first quarter. Citigroup Inc. now owns 4,766 shares of the company’s stock valued at $104,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Amerant Bancorp in the second quarter worth approximately $144,000. 42.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Amerant Bancorp from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Stephens restated an “equal weight” rating and set a $25.00 price target on shares of Amerant Bancorp in a research report on Tuesday, December 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Amerant Bancorp in a research note on Friday, January 26th. Finally, Raymond James increased their target price on Amerant Bancorp from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th.

Amerant Bancorp Company Profile

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.